Rep. Robert Bresnahan, Jr. Sells Off Shares of Churchill Downs Incorporated (NASDAQ:CHDN)

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Churchill Downs Incorporated NASDAQ: CHDN. In a filing disclosed on February 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in Churchill Downs stock on January 13th. The trade occurred in the Representative's "JOINT OWNERSHIP LPL ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Lowe's Companies NYSE: LOW on 2/7/2025.
• Purchased $1,001 - $15,000 in shares of ServiceNow NYSE: NOW on 2/3/2025.
• Purchased $1,001 - $15,000 in shares of Take-Two Interactive Software NASDAQ: TTWO on 2/3/2025.
• Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 2/3/2025.
• Purchased $1,001 - $15,000 in shares of Alibaba Group NYSE: BABA on 1/30/2025.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 1/30/2025.
• Sold $1,001 - $15,000 in shares of Robinhood Markets NASDAQ: HOOD on 1/29/2025.
• Sold $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 1/29/2025.
• Sold $1,001 - $15,000 in shares of Manhattan Associates NASDAQ: MANH on 1/29/2025.
• Sold $1,001 - $15,000 in shares of Credo Technology Group NASDAQ: CRDO on 1/29/2025.

Churchill Downs Stock Up 0.3 %

NASDAQ:CHDN traded up $0.40 during trading hours on Tuesday, reaching $122.51. The company had a trading volume of 109,817 shares, compared to its average volume of 490,056. The firm has a market cap of $9.00 billion, a price-to-earnings ratio of 22.30, a P/E/G ratio of 3.05 and a beta of 0.95. The business's 50-day simple moving average is $128.40 and its two-hundred day simple moving average is $134.99. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 4.35. Churchill Downs Incorporated has a twelve month low of $111.10 and a twelve month high of $150.21.

Churchill Downs Increases Dividend

The business also recently announced an annual dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 6th were given a dividend of $0.409 per share. This represents a dividend yield of 0.29%. The ex-dividend date of this dividend was Friday, December 6th. This is an increase from Churchill Downs's previous annual dividend of $0.38. Churchill Downs's payout ratio is presently 7.47%.

Institutional Investors Weigh In On Churchill Downs

Several large investors have recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its position in Churchill Downs by 127.2% during the fourth quarter. Blue Trust Inc. now owns 184 shares of the company's stock worth $25,000 after purchasing an additional 103 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Churchill Downs during the 3rd quarter valued at approximately $27,000. Fortitude Family Office LLC boosted its holdings in Churchill Downs by 2,733.3% in the 4th quarter. Fortitude Family Office LLC now owns 255 shares of the company's stock worth $34,000 after buying an additional 246 shares during the period. Eagle Bay Advisors LLC purchased a new position in Churchill Downs in the 4th quarter valued at approximately $55,000. Finally, R Squared Ltd bought a new stake in Churchill Downs during the 4th quarter valued at $55,000. Hedge funds and other institutional investors own 82.59% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Truist Financial reaffirmed a "buy" rating and issued a $165.00 price target (down previously from $166.00) on shares of Churchill Downs in a research report on Friday, October 25th. Wells Fargo & Company dropped their target price on Churchill Downs from $168.00 to $165.00 and set an "overweight" rating on the stock in a report on Monday, February 10th. StockNews.com upgraded Churchill Downs from a "sell" rating to a "hold" rating in a report on Wednesday, November 6th. Mizuho cut their price objective on shares of Churchill Downs from $157.00 to $151.00 and set an "outperform" rating on the stock in a report on Tuesday, October 22nd. Finally, JMP Securities reiterated a "market outperform" rating and issued a $166.00 target price on shares of Churchill Downs in a report on Thursday, January 16th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $160.50.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

About Churchill Downs

Churchill Downs Incorporated operates as a racing, online wagering, and gaming entertainment company in the United States. It operates through three segments: Live and Historical Racing, TwinSpires, and Gaming. The company operates pari-mutuel gaming entertainment venues; TwinSpires, an online wagering platform for horse racing, sports, and iGaming; retail sports books; casino gaming; and Terre Haute Casino Resort.